Terra Announces Acquisition of Alberta Oil Assets

Terra Ventures Inc. announces that its newly incorporated and wholly-owned Calgary based subsidiary, Terrex Energy Inc. (“Terrex”), has entered into a purchase and sale agreement to acquire a 100% interest in a basal quartz oil pool in central Alberta from a private oil and gas company, for a purchase price of $650,000. The pool is currently producing approximately 80 barrels of oil equivalent... 

Tethys Petroleum Limited: Tajikistan Joint Venture Finalised

Tethys Petroleum Limited announced that the joint venture relating to its Tajik projects previously announced in December 2007 has now been completed and that its interests in Tajikistan have therefore been transferred to its joint venture company Seven Stars Energy Corporation (“SSEC”). The completion of this deal had been waiting on the resolution of certain commercial and business issues... 

Tag: tethys mining llc, mining projects in tajikistan, tajikistan mining, shareholders for tethys petroleum, venture petroleum

Kinti Mining Ltd. Receives Khangolov Resources’ Equity Position in Palisades Petroleum

Kinti Mining Ltd. receives Khangolov Resources’ Equity Position in Palisades Petroleum. Richard Byrd, the CEO of Kinti Mining Ltd., Is extremely pleased to announce that Khangolov Resources has agreed to assign their large equity position in Palisades Petroleum to Kinti Mining Ltd. This will make Kinti Mining Ltd. the largest shareholder in Palisades. Frank Love, the CEO of Khangolov Resources,... 

Tag: kinti mining ltd, top equity position, kinti mining limited investor relations, khangolov resources kinti mining, palisades kinti

Lion Energy receives conditional acceptance from TSX Venture Exchange for farm-in with Africa Oil

Further to a release on May 28,2009, Lion Energy Corp. announces that it has received conditional acceptance from the TSX Venture Exchange for its farm-in agreement (the “Agreement”) with Africa Oil Corp. (“Africa Oil”), a member of the Lundin Group of Companies. Final Acceptance is subject to the confirmation of certain matters with the TSX Venture Exchange. The Agreement relates... 

Tag: production sharing agreement farm in, kenya puntland lion oil, lion energy corp stocks, richard knoll sulphur, african stocks on the tsx

Apollo Successfully Completes Tender Offer for Shares of Parallel Petroleum Corporation

Parallel Petroleum Corporation (“Parallel”), PLLL Acquisition Co. and PLLL Holdings, LLC, entities formed for the purpose of acquiring Parallel Petroleum Corporation (NASDAQ: PLLL – News) and wholly owned subsidiaries of an affiliate of Apollo Global Management, LLC, today announced that the subsequent offering period of the tender offer for all of the outstanding shares of common stock of... 

Tag: apollo and parallel, parallel petroleum corp, how is parallel petrolem corporation doing now after merging with, apollo tender, parallel petroleum apollo

Allied Energy Forms Operating Company in Texas

Allied Energy, Inc. announced that the Company has recently formed Allied Operating Texas, LLC, a wholly owned subsidiary of Allied Energy, Inc. “Allied Operating Texas, LLC was formed to operate our East Texas projects,” said Steve Stengell, Allied’s President. Oil and natural gas drilling, completion and production operations involve a high degree of risk and uncertainty. The Company... 

Tag: texas mining companies, allied energy corporation in texas, allied energy east texas development, alliedoperatingtexasllc, allied operating texas llc

Rooster Petroleum, LLC Commences Drilling at Eugene Island Block 28

Rooster Petroleum, LLC, is pleased to announce the commencement of drilling of the Rooster #A-3 Well. It is the first well to be drilled by the Company on Eugene Island Block 28. The planned total vertical depth of the well is 12,500 ft and is expected to take 30-40 days to drill and complete. The current infrastructure currently located on Block 28 should allow for all production to be available for... 

Tag: eugene island block 30 location, eugene island 29 block gom, eugene island 28, rooster petroleum llc, eugene island block 28 gom

Petrolia Progresses and Drills the Tar Point No. 1 Well

Petrolia announce that on Friday October 23 it spudded of the Petrolia Tar Point No 1 well. This well is the second in a series of six that the Company expects to complete in the Gaspe region over the next twelve months, in order to reach its objective of becoming Quebec’s first petroleum producer. Only a portion of the costs for the six wells should be paid directly by the Company. Petrolia... 

Tag: petrolia tar point, tar point quebec, tar point, tarpoint oil petroila, frac sand in marcellus

Prize Mining & Eagle Plains Pour Gold at Yellowjacket Project, Atlin, BC

Prize Mining Corp. and its Joint Venture Partner, Eagle Plains Resources Ltd., have completed mining and milling activity for the 2009 season and have commenced seasonal clean-up and maintenance. The first gold bar was recently poured from concentrate materials milled on-site and weighs 2.284 kg. The project is operated through the Yellowjacket Joint-Venture (“YJV”), jointly owned by Eagle... 

Tag: atlin bcmining, woodside cwlh, medco energi in wv

Kodiak Energy, Inc. and Subsidiary Cougar Energy, Inc. Announces Closing of Property Acquisition

Kodiak Energy, Inc. announces that its majority controlled subsidiary, Cougar Energy, Inc. (Cougar), has closed the property acquisition previously announced on August 11, 2009 consisting of wells, facilities and production from a private company with operations in and adjacent to the CREEnergy project. Additional information on the property acquisition is on our website at http://www.kodiakpetroleum.com/s/AdditionalProjects.asp. The... 

Tag: cougar energy inc pennsylvania, kodiak energy, cougar energy inc